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Home My WebLink About0308 MORTGAGE DEED AND SECURITY AGREEMENT ~ - ~ ~ • I ~ / ' ~3~0 November 9 77 TH 3 MO TG GE DE~D (the M gage , det iu 18- y und belween Clay ~on I~. ~ampton and ~`~auc~ia ~amp on, s wife aric~' Dual H. Ham~ton and Martha L. Hampton, his wife (hereinatter culled ortgagor) and SIIA Bank Of St. Lucie County .~ving an ottice ut 111 Orange Avenue, Fort Pierce, , Florida (hemiruitter culled Mortg:~gee): WITNE33ETH, that in cone?ideration ot the premises and in order to secure the payment ot both the princi{wl of, and ~ intereat and any other suma payable on the note (as hereinatter defined) or this Mortgage and the perforniance and ob- servance of all ot the provisiona hereo[ and ot said note, Mortgegor hereby 6rants, sella, warrants, aliens, remiaea, releases, rnnveya, assigna, transters, mortgages and sets over und coniirma unto Mortgagee, aii of Mortgagor'a eatate, riRht, title nnd interest in, to and under all thnt certain real property aituate in St . LUCl@ (`ounty, Florid~ more {wrticularly desctibed es tollows: ~ Lot 40, in Block 7, of Regina Palm Subdivision, as per plat thereof ` on file in Plat Book 4, at page 82, of the public recorc~s of St. Lucie County, Florida ~ ~ t and ` Lot 41 in Block 7, of the Subdivision known as Regina Palms, said subdivision being situated in Section 3, Township 36 South, Range 40 East, , St. Lucie County, Florida ` and = Lots 34, 35, 36, 37, 38 and 39 in Block 7 of Regina Palms Subdivision „ as per plat thereof on file in P1at~Book 4, at page 82, of the Public ~ J'~ Records of St. Lucie County, Florida ~M. ~ - ~ b'~ , Ow On pw "C' N~I~r~Nlea~ill/r~l~ ; +ti•.~.n~ to c~+.vM. ~t. ti~. ~.a q~1. ' `b w00E11 Pp11~At q T ' 'I'O('ETHER WITH all improvements now or hereafler located on snidC+~l~ fr~l~t04N~a ~~~nces. ` apparatua, equipment, heating and air conditioning equipment, mac6inery and articlea of personal property and ceplacement ? thereot (other than those owned by lesseea of said real property) now or herea(ter ntiixed to, attached to, plnced upon, or used in any way in connection with the complete and romfortable use, ocrupancy, or operation of said real property, ali ; licenses and permits used or required in connection wit6 the uae of said real property, al) leasea of aaid real property now or hereafter entered into and all right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- ties deposited thereunder pursuant to said lexsea and all rents, issuea, proceeds. and profits accruing from aaid real property ' and together with all proceecis oi the con~~ereion, volunlary or involunlary ot uny of the toregoing into caa6 or liquid:ited clauna~ including without limitation, proceeda of insan~nce and condemnation awarda (the torngoing~said real property, tangible and inlangible personal properly hereinatter reterred to ae the Mortgvged Property)_ Mortgagor hereby Krs~nts ? s to Mortgagee a security intereat in the toregoing described tan~tible and intangibie peraonal pmperty. 'I'n HAVE AND TO HOLD ihe Mortguged Properly, together with all and aingular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining and the reversion and reveraions thereof and all the estate, right, title, intereat, homestead, dower and right of dower, separate estate, poaseaeion, claim and demand whatsaever, as ; veell in law aa in equity, ot Mortgagor and unto the same, and every part thereof, with the appurtenances ot MortgaRor in ~ and to the same, and every part and parcel thereof unto Morigagee. i Mortgagor warranta that it has a good :~nd marketable title to an indeteasible fee estate in the Mortgaged Pro~~erty - subject to no lien, charqe or encumbrance except such as Mortgagee Ifas agreed to accept in writing and I~lortgagor covenants ; that this Mortgage is and will remain a valid and en(orceable tirst mortgage on the Mortgaged Property subject oniy to lhe - e:ceptiona herein provided. Mortgagor has tull {wwer and lawtul authority to mortgage the Morlgaged Property in the manner and form herein done or intended hereafter to be done. Mortgs~gor will {~resene such title and will forever warr.~nt ' :~nd detend the same to Mortgagee a~ will torever warrnnt ~nd defend the a•~lidity and priority ot the lien hereof ~R~inst , the claima of all pereona and parties whomaoe~er. : 1 Mortgagor will, at the coat ot Mortgagor, and without expense to MortqaRee, do, execute, acknowledqe and deliver all and every such further acta, deeda, conveyances, mortgages, assiqnments, notices of assignmeM, tranafers and assurances as Mortgagee shall from time to time require in order to presen•e the priority ot the lien of thia Mortgage or to tacilitate the performance ot the terms hereof. ~~,j P@O}~Ip~DO~iOWEVER, that it Mortqagor ahull ~k~y to Mortg~gee the indebtedness in the principal sum of : a 15 Vu u e~denced by that certain promissory note (the Note), o( even date herewith, e:ecuted by z r~~.s-'.•r_a: w'•~ "!a-:*s! e: hr lP-snx aa nsnY':d~_1 thereir_. and to Pt}IPT With all ' .ts~ztgasv~ aitu y~a=a~'zr iia vsuri v: i*:•_ac~'~~--• is: 4fF. x %t~f~ ~ ~ other sutns advanced by Mortgagee to or on behal( ot MortReglp93uant to the Note or this Mortgage, the final maturity ; dale ot the Note and thia Mortgage being February 6, J , and shall pertorm ap other covenants and > ; conditiona ot the Note, all of the ternu ot which Note ~re incor~wrated herein by reference aa lhough set forth tully here- # ~ in, and of any renewal, extension or modifi~ation, thereo( and of this MortRage, then fhis Mortqage and the estate hereby ; created shall cease and terminate. t j Mortgagor further convenants and agrees with Mortgagee as followx: ~ i : t 1. To pay all suma, including inlerest eecared hereby when due, as provided (or in the Note and any renewal, e:tension = s " or modi(ication thereof and in thia MortRage, aq such sums to be payable in lawful money of the IJnited SL~tes of America at Mortqagee a afoc~esnid principaf otfice, or at such other place as Mortgagee may designate in writing. ~ 2. To pay when due, and without requiring any notice from Moctgagee, all' ta:es, assesamenta of any type or nature :~nd other chargea levied or assesaed against the Mortgaged Property or thia Mortgage ~nd produce receipta therefor upon demand. To immediately pay and diacharge any claim, lien or encumbrance against the Mortgaged Property whic6 may be or become auperior to this Mortgaqe and to permit no default or deljnquency on any other lien, encumbrance or charEte + ; :~Rainst the Mortgaged Psoperty. ti ~ ~ 3. It required by Mortgagee, to also make monthly deposits with Mortqegee, in a non-interest bearing account, to- gether with and in addition to intereat and principal, o[ a sum equal to one-twel(th of the yearly ta:eR and aseeasmenta w~hich ~ may he levied againat the Mortgaged Property, and lit so required) one•twelith of the yearly premiums (or insurance n thereon. The amount of such taxea, asseasmenta and premiuma, when unknown, shall be estimated by Mortqagee. Such ~ ~ deposita ~all be used by MortRaRee to pay auch tazes, assesamenta and premiuma when due. Any insofficiency of auch F _ ; Thl: :nifr~r.~~.r;t ~...~..~r s,y i ~ sura sr.r~;r: <r.1~~: ~ .~`~r .:f. . _ " _ ,3 ' CARO C~ ; ~ Ci . . _ . _ f _ORE . ..............r t a R z~s ~E ~7 ~ 11"[ S. ;1. FJk( FIiHCE. flOFIOA SGi;d ~ z ~ ' ~ ~ w~ ~ , _ _ ~ _ - - - _ ~e~:,:~